LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of DeVry Education Group Inc. ("DeVry" or the "Company") (NYSE: DV) concerning the Company and its officers’ possible violations of federal securities laws.
On Wednesday, January 27, 2016, the U.S. Federal Trade Commission (“FTC”) filed a lawsuit against DeVry University, accusing the company of deceiving students about the likelihood that they would be able to find work upon graduation. The FTC has accused DeVry of being deceitful through its claim that 90 percent of DeVry graduates found work in their field within six months of graduation. On this news, shares of DeVry fell approximately 20% in mid-morning trading on January 27, 2016.
Update: On Thursday, February 4, 2016, DeVry reported a fiscal second-quarter loss of $50.6 million, after reporting a profit in the same period a year earlier. On this news the Company’s shares fell $2.31 per share, or over 10%, during intraday trading on February 5, 2016.
If you purchased DeVry securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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